Section 1 Short title
This Act may be cited as the “Military Pension Protection Act”.
Military Pension Protection Act
A BILL
To amend the Internal Revenue Code of 1986 to exclude pensions of members of the Armed Forces from gross income.
Sec. 2 Exclusion from gross income of pensions of members of the Armed Forces
In general— Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 112 the following new section:
“113. Pensions of members of the Armed Forces
“Gross income shall not include any amount received as a pension or annuity from the Federal Government for service as a member of the Armed Forces of the United States (whether received by such member or a beneficiary of such member).”
Clerical amendment— The table of sections for part III of subchapter B of chapter 1 of such Code is amended by inserting after the item relating to section 112 the following new item:
Effective date— The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.